Burlington, MA — January 9, 2007 — Eqos Inc., provider of on-demand global sourcing and supplier management solutions for the retail supply chain, has announced the immediate availability of Eqos Release 3.5, which extends and strengthens its end-to-end sourcing capabilities.
The new release is designed to make it easier for retailers to work collaboratively with suppliers to standardize and scale the processes associated with sourcing private-label merchandise, from initial product concept through production and delivery to distribution centers.
Today Eqos manages more than $18 billion worth of goods sourced from 5,800 suppliers for customers such as Best Buy, Edcon, Sainsbury's and Tesco. These retailers rely on Eqos' hosted solutions to improve supplier collaboration, increase accountability, and identify new global sourcing opportunities.
Edcon, a leading clothing, footwear and textiles retailing group in South Africa, is one company that is deploying Eqos' solution to help scale its sourcing operation, accelerate response to market trends, minimize stock-outs and markdowns, and improve supplier collaboration. Calvin Low, business integration executive, Edcon Group IT, commented, "With our deployment, Eqos will help us better meet market demand and achieve competitive advantage by better managing our supplier network. And with Eqos' services-oriented architecture, we are minimizing the integration time and cost, which translates into a faster return on our investment."
Some of the enhancements to the Eqos Release 3.5 include a re-engineered user interface, an executive dashboard, an end-user task-management console, and comprehensive factory auditing and quality compliance capabilities.
Chris Foulkes, Eqos chief product officer, explained, "We've worked in partnership with customers to develop Eqos Release 3.5. This release broadens our functional footprint across the entire sourcing process, promoting full collaboration among trusted trading partners. Additionally, key enhancements relative to intuitiveness, end-user configurability and one-touch process modeling are enabling customers to better respond to immediate and evolving merchandising demands of the marketplace."
Additional Articles of Interest
- — Read about the five phases of global sourcing that, if followed, allow an organization to implement a successful global sourcing strategy in the short-, medium- and long-term. See more in "Making Global Sourcing Work," only on SDCExec.com.